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November 30, 2021

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Factors to watch – November 28

Reuters
DUBAI, Nov 28 (Reuters) – Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL * GLOBAL MARKETS-Equities, oil prices, U.S. Treasury yields all drop on COVID variant fears Register now for......

Eni sells Snam 49.9% stake in Algeria gas pipelines for 385 mln euros

Reuters
Eni’s logo is seen in front of its headquarters in San Donato Milanese, near Milan, Italy, April 27, 2016. REUTERS/Stefano Rellandini/File Photo Register now for FREE unlimited access to reuters.com Register MILAN, Nov 27 (Reuters) – Italian energy group Eni (ENI.MI) has agreed to sell gas group Snam (SRG.MI) 49.9%......

Blue Prism shareholder Coast opposes Vista’s new takeover offer

Reuters
Nov 26 (Reuters) – Blue Prism (PRSMB.L) shareholder Coast Capital said on Friday it will not support private equity firm Vista Equity’s final takeover offer of 1.22 billion pounds ($1.62 billion) for the British software firm on grounds it undervalues the company. U.S.-based Coast, which owns around 2.8% of Blue......

Telecom Italia loses CEO in boardroom clash after KKR offer

Reuters
The Tim logo is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nardi/File Photo Register now for FREE unlimited access to reuters.com Register TIM Brazil head Labriola named director general KKR has tabled $12 billion proposal to take TIM private Under fire from top investor, CEO offers......

KKR, CVC Capital in talks to jointly bid for Telecom Italia – Bloomberg News

Reuters
The Tim logo is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nardi/File Photo Register now for FREE unlimited access to reuters.com Register Nov 25 (Reuters) – KKR & Co (KKR.N) and CVC Capital Partners are considering teaming up on a bid for Italy-based Telecom Italia SpA......

Japan’s Mitsubishi Materials to sell aluminium business to U.S. fund

Reuters
TOKYO, Nov 25 (Reuters) – Japan’s Mitsubishi Materials Corp (5711.T) said on Thursday it will sell its aluminium business, used for beverage cans and automotive parts, to U.S. investment fund Apollo Global Management for an undisclosed sum. Although the aluminium market is expected to grow globally, Mitsubishi Materials has decided......

Shares in Fincantieri fall on capital increase worries

Reuters
A view of Fincantieri shipyard is seen in Monfalcone near Trieste, in northest Italy, April 21, 2016. REUTERS/Alessandro Bianchi Register now for FREE unlimited access to reuters.com Register MILAN, Nov 24 (Reuters) – Shares in Fincantieri (FCT.MI) fell 4.6% on Wednesday, hit by the prospect of a possible capital increase,......

Japan’s Chubu Electric to boost overseas and renewables investment

Reuters
A worker stands next to a spent fuel pool on the top floor of the No.5 reactor building at Chubu Electric Power Co.’s Hamaoka Nuclear Power Station in Omaezaki, Shizuoka Prefecture May 17, 2013. REUTERS/Toru Hanai (JAPAN – Tags: BUSINESS ENERGY ENVIRONMENT) Register now for FREE unlimited access to reuters.com......

EXCLUSIVE Major Toshiba shareholder objects to break-up, urges board to solicit offers

Reuters
The logo of Toshiba Corp. is seen next to a traffic signal atop of a building in Tokyo, Japan November 9, 2021. REUTERS/Issei Kato Register now for FREE unlimited access to reuters.com Register TOKYO, Nov 24 (Reuters) – Toshiba Corp’s (6502.T) second-largest shareholder on Wednesday objected to the Japanese conglomerate’s......

TIM’s top investor Vivendi digs in after KKR’s approach

Reuters
French media giant Vivendi’s logo is pictured at the main entrance of the entertainment-to-telecoms conglomerate headquarters in Paris, France, August 12, 2020. REUTERS/Charles Platiau/File Photo Register now for FREE unlimited access to reuters.com Register MILAN, Nov 23 (Reuters) – Telecom Italia’s (TLIT.MI)‘s top investor Vivendi (VIV.PA) said it intended to......

Union group says U.S. should reject Amazon’s plan to buy MGM

Reuters
Smartphone with Amazon logo is seen in front of displayed MGM logo in this illustration taken, May 26, 2021. REUTERS/Dado Ruvic Register now for FREE unlimited access to reuters.com Register WASHINGTON, Nov 22 (Reuters) – Four big unions, including the Service Employees International Union and the Teamsters, urged the U.S.......

Colombia financial regulator approves purchase of stake in Nutresa

Reuters
BOGOTA, Nov 19 (Reuters) – Colombia’s financial regulator has given the green light for a majority takeover of food processor Nutresa, according to a source close to the operation and Colombia’s stock exchange. With the authorization of the financial regulator bidder Nugil SAS, which is controlled by Grupo Gilinski, will......

EQT, BioNTech investor consider bid for Novartis arm Sandoz -report

Reuters
A general view of the BioNTech building where the production of the coronavirus disease (COVID-19) vaccine has started in Marburg, Germany, November 18, 2021. REUTERS/Fabian Bimmer Register now for FREE unlimited access to reuters.com Register ZURICH, Nov 19 (Reuters) – Investment group EQT and the Struengmann family, who are investors......

S.Africa’s Tiger Brands eyes deal to invest in nutrition business

Reuters
Boxes of Jungle Oats, one of South Africa’s Tiger Brands original products, are seen on a shelf at an outlet of retailer Woolworths in Sandton, South Africa, August 28, 2019. REUTERS/Siphiwe Sibeko Register now for FREE unlimited access to reuters.com Register Full-year headline earnings per share down 6% Warns on......

Telenor and CP Group discuss $7.5 bln Thailand telecom merger

Reuters
OSLO, Nov 19 (Reuters) – Norway’s Telenor (TEL.OL) and Thailand’s Charoen Pokphand Group (CP Group) are exploring a merger of their telecom units in Thailand, which could become the Norwegian firm’s second multi-billion dollar tie-up in Southeast Asia this year. A deal, if completed, would merge the telecom operations of......

Analysis: Banks profit from building up and breaking up companies

Reuters
Nov 16 (Reuters) – It is a constant dilemma facing companies; do they acquire or shed businesses to boost shareholder returns? Investment bankers profit every time the answer involves a deal, even if it represents an about-face for the companies. Last week’s announcements by General Electric Co (GE.N), Toshiba Corp......

EXCLUSIVE BNP hires advisers to explore $15 bln Bank of the West sale – sources

Reuters
The BNP Paribas logo is seen at a branch in Paris, France, February 4, 2020. REUTERS/Benoit Tessier JPMorgan and Goldman Sachs working with BNP – sources Discussions still at early stage – sources PNC, Canada’s TD and BMO seen as potential suitors Any deal would face U.S. regulatory challenges LONDON,......

Heineken to buy S.Africa’s Distell and Namibian Breweries

Reuters
BRUSSELS/JOHANNESBURG, Nov 15 (Reuters) – Heineken (HEIN.AS) said on Monday it planned to buy South Africa’s Distell Group Holdings (DGHJ.J) and Namibia Breweries Ltd (NBS.NM) to form a southern Africa drinks group worth 4 billion euros ($4.6 billion). The purchase of Distell would mark a push into wine and spirits......

Shuttered Limetree Bay refinery gets $20 million from company eyeing a restart -court filing

Reuters
Installations of the Limetree Bay petroleum refinery are seen in St Croix, U.S. Virgin Islands June 28, 2017. REUTERS/Alvin Baez Nov 14 (Reuters) – The shuttered Limetree Bay refinery in the U.S. Virgin Islands received a $20 million stalking horse bid from a company looking to restart the facility, according......

BMW and Audi interested in buying McLaren Automotive – Automobilwoche

Reuters
A logo of German luxury carmaker BMW is seen in Munich, Germany, March 20, 2019. REUTERS/Michael Dalder/File Photo BERLIN, Nov 14 (Reuters) – Volkswagen’s (VOWG_p.DE) Audi and BMW (BMWG.DE) are interested in buying British luxury sportscar maker McLaren Automotive, German autos publication Automobilwoche reported on Sunday, without specifying its sources.......

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